New pork, beef price hikes in Belarus

Sale prices of pork and beef will grow by 10 percent from August 31

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MINSK, August 30 (Itar-Tass) — Meat prices in Belarus have increased for the third time this month. "Sale prices of pork and beef will grow by 10 percent from August 31," the Ministry of Economy said in a resolution.

Under the document, the maximum release price of beef is 15,089 roubles (2.98 dollars) per kilogram, while 1st and 2nd grade pork prices will go up to 14,548 roubles (2.87 dollars). Third grade pork will sell at 13,583 roubles (2.68 dollars) per kilogram.

The Ministry explained the new price hike by the necessity to "compenstate the higher prices of raw meat, eliminate the imbalance between the prices in the external and domestic markets and meet the demand for meet in the republic's market."

In August, Belarus had a 5-percent and 10 percent meat price hikes. Also in August, the Ministry of Economy liberalized prices of semi-finished meat products.

Officials at the Ministry of Agriculture and Food said prices of meat and dairy product would keep growing, as agribusinesses' costs were increasing.

They also noted that due to price differences, Belarussian dairy products were taken outside of the republic, mostly by Russians. Meanwhile, it is more advantageous for both Belarussian producers and processing companies to supply meat to neighboring countries, in the first place to Russia.